Best Rent-to-Price neighborhoods in Denver and Colorado Springs

[Diego Velasco]

Hi BP, I live in Seattle but I'm looking to buy rental property(s) in one of these two cities. More landlord-friendly laws and lower prices than Seattle.

Any locals have insights about the best RTP locations? Thank you! Also, are you seeing rents close to downtown / in the city go down due to COVID-19? We're seeing that effect in Seattle so I wonder if I must be cautious in my assumptions for how much I could get for rent.

Thank you!

[Jenny Bayless]

@Diego Velasco Colorado Springs is a great place to invest!  Generally speaking, I think the areas with the best price to rent ratio is around the center of town and over by the airport.  Over the past few years, rents have not increased at the same pace as sales prices have, so the price to rent ratio is getting lower as time goes on.  Within my personal portfolio, I have raised rents on properties that had tenant turnover (pretty substantially actually, as the ones that turned have been in the properties for a few years and I've missed out on optimizing market rent during that time), but not on renewals.  I think there is generally still a shortage of affordable rental housing here.